Which of the Following Circumstances Most Likely Would Cause an Auditor

question 26

Multiple Choice

Which of the following circumstances most likely would cause an auditor to suspect an employee payroll fraud scheme?

• A)There are significant unexplained variances between standard and actual labor cost.
• B)Payroll checks are disbursed by the same employee each payday.
• C)Employee time sheets are approved by individual departmental supervisors.
• D)A separate payroll bank account is maintained on an imprest basis.

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Definitions:

Homo Sapiens

Species name of modern humans.

195,000 Years

An estimate of the time period since the emergence of anatomically modern humans.

25,000 Years

An approximate time period which can reference significant dates in geologic, archaeological, or historical contexts.

Vision

Detection of light in a way that provides a mental image of objects in the environment.